Original paper
Renewable energy, oil prices, and economic activity: A Granger-causality in quantiles analysis
Abstract
This paper analyzes the causal relationship between renewable energy consumption, oil prices, and economic activity in the United States from July 1989 to July 2016, considering all quantiles of the distribution. Although the concept of Granger-causality is defined for the conditional distribution, the majority of papers have tested Granger-causality using conditional mean regression models in which the causal relations are linear. We apply a...
Paper Details
Title
Renewable energy, oil prices, and economic activity: A Granger-causality in quantiles analysis
Published Date
Feb 1, 2018
Journal
Volume
70
Pages
440 - 452
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Notes
History